United States | Los Angeles, CA

Summary

Nearly every major submarket in Los Angeles saw its rent prices rise in 2015, as economic conditions continued to improve and tenants looked to expand operations.

The traditionally strong Westside and CBD submarkets saw the greatest rise in rents, although the tech and media heavy Playa Vista submarket saw a large volume of deals as well.

Investment activity citywide remained strong and we believe it should continue to grow in 2016. A number of quality, high profile Class A properties are likely to be involved in upcoming deals, as cap rates continue to hold steady at 4.5 percent (Q3 2015), with further declines projected.

Learn more about what’s happening—and what we expect to occur in the coming months—across the Los Angeles office market in our Q4 US Office Insight.